Retireful LLC Trims Holdings in Workday, Inc. (NASDAQ:WDAY)

Retireful LLC cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 77.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,256 shares of the software maker's stock after selling 4,387 shares during the quarter. Retireful LLC's holdings in Workday were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WDAY. Roxbury Financial LLC purchased a new position in Workday in the fourth quarter worth about $25,000. Avion Wealth increased its position in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares in the last quarter. TCTC Holdings LLC acquired a new position in shares of Workday during the fourth quarter worth $35,000. Financial Management Professionals Inc. increased its position in shares of Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after purchasing an additional 54 shares in the last quarter. Finally, Rakuten Securities Inc. increased its position in shares of Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after purchasing an additional 66 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Activity at Workday

In other news, CEO Carl M. Eschenbach sold 3,125 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $241.23, for a total transaction of $753,843.75. Following the sale, the chief executive officer now directly owns 7,722 shares in the company, valued at approximately $1,862,778.06. The trade was a 28.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 70,144 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the completion of the sale, the insider now owns 102,997 shares of the company's stock, valued at approximately $25,776,029.22. The trade was a 40.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,338 shares of company stock valued at $59,875,701 over the last quarter. 19.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WDAY shares. BNP Paribas raised shares of Workday to a "strong-buy" rating in a report on Friday, February 14th. Jefferies Financial Group lowered their target price on shares of Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Loop Capital lowered their target price on shares of Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research note on Friday, May 23rd. BMO Capital Markets increased their target price on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Daiwa America raised shares of Workday to a "strong-buy" rating in a research note on Tuesday, March 4th. Nine equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $293.54.

Workday Trading Up 1.0%

Shares of NASDAQ:WDAY traded up $2.62 during mid-day trading on Friday, reaching $252.72. The stock had a trading volume of 1,393,024 shares, compared to its average volume of 2,474,061. The firm has a market cap of $67.48 billion, a PE ratio of 41.91, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24. The firm has a 50 day simple moving average of $242.59 and a two-hundred day simple moving average of $252.88. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the company earned $1.74 earnings per share. The firm's revenue was up 12.6% compared to the same quarter last year. On average, research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.